There are many different motivations behind a franchisee’s reasons for exiting a system. Those can range from retirement, health issues, family issues, partner disputes, burnout, and even boredom. And there are times when the business is at a high point providing the opportunity to cash out with big returns.
And then there are those franchisees that simply need to find new opportunities because they are unhappy, unprofitable, or just don’t fit your culture. In these cases, one has to recognize that the only thing worse than someone who quits and leaves, is someone who quits and stays. The fact is that you want to see resales because it brings someone fresh and new into the system. A change in ownership can also help to revitalize a particular location.
Listen in as four “best in class” franchise experts share the formal processes and best practices for franchisees wanting to exit the business.
Viewers will learn:
- Whether franchise sales or operations “own” franchise resales
- How to create an effective resale exit plan
- Where franchisees can turn to for help with business valuations
- The best source for securing qualified buyers
- How to minimize the legal risks associated with franchise resales